Sasol Integrated Report 2023 - Book - Page 89
INTRODUCTION
ABOUT SASOL
CREATING VALUE
STRATEGIC OVERVIEW
PERFORMANCE
ADMINISTRATION
GOVERNANCE AND REWARDS
REMUNERATION REPORT CONTINUED
IMPLEMENTATION REPORT CONTINUED
Executive Directors CONTINUED
D. Progress against Minimum Shareholding Requirement (MSR)
Outstanding shares subject to continued employment
only until 2027 (excluding accrued dividend equivalents,
includes RLTIs)
Beneficial Shareholding
FR Grobler
VD Kahla
HA Rossouw
1
2
3
4
5
6
7
8
9
10
Minimum
Shareholding
Requirement
(MSR)
(R’000)
MSR
Achievement
period (CY)
Units
Beneficial
shareholding –
30 June
2023
(R’000)
22 050
5 099
11 200
2024
2025
2027
45 299
16 419
–
16 240
6 282
–
Post tax
vesting –
September
to December
20231, 2, 9
(R’000)
Beneficial
shareholding
value
(including
CY2023 post
tax vesting)
(R’000)
5 248
2 458
–
21 488
8 740
–
% MSR
Achieved –
end CY202310
Number
of shares
to vest in
CY20243
Number
of shares
to vest
CY2025 –
20274, 5, 6, 7, 8
Total number
of vested
shares
subject
only to
continued
employment
97%
171%
–
–
–
–
152 427
68 331
11 457
152 427
68 331
11 457
Includes the 2nd tranche of the award made in September 2018. The CPT applied to this award was 44,7%.
Includes the 1st tranche of the award made in December 2020. The CPT applied to this award is 67,34%. (The annual September award of 2020 was delayed to December 2020 for EVPs who were subject to a closed trading period).
Awards made in September 2021, vesting in CY24 remain subject to the CPT outcome.
Includes the 2nd tranche of the award made in March 2020. The CPT applied to this award is 54,31%.
Includes the Restricted award made in December 2020. This award is only subject to a 5 year vesting period, no CPTs.
Includes the 2nd tranche of the award made in December 2020. The CPT applied to this award is 67,34%. (The annual September award of 2020 was delayed to December 2020 for EVPs who were subject to a closed trading period).
Includes the Restricted awards made in September 2021 and November 2022. These awards are only subject to a 5 year vesting period, no CPTs.
Includes the Restricted portion of the on-appointment award made to Mr Rossouw in May 2022. This award is only subject to a 5 year vesting period, no CPTs.
Average June 2023 share price used of R245,01.
Once the MSR has been achieved, the executive will be allowed to sell vested shares held in excess of the MSR.
SASOL INTEGRATED REPORT 2023
88
Pre-tax
value of
vested shares
subject only
to continued
employment
(up to
CY2027)9
(R’000)
37 347
16 742
2 807
